Skeena Resources Stock Number Of Shares Shorted
| SKE Stock | CAD 14.27 0.29 2.07% |
Skeena Resources fundamentals help investors to digest information that contributes to Skeena Resources' financial success or failures. It also enables traders to predict the movement of Skeena Stock. The fundamental analysis module provides a way to measure Skeena Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Skeena Resources stock.
Skeena |
Skeena Resources Company Number Of Shares Shorted Analysis
Skeena Resources' Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Skeena Resources Number Of Shares Shorted | 1.06 M |
Most of Skeena Resources' fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Skeena Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Skeena Resources has 1.06 M of outstending shares currently sold short by investors. This is 67.17% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The number of shares shorted for all Canada stocks is 77.44% higher than that of the company.
Skeena Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skeena Resources' direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skeena Resources could also be used in its relative valuation, which is a method of valuing Skeena Resources by comparing valuation metrics of similar companies.Skeena Resources is currently under evaluation in number of shares shorted category among its peers.
Skeena Fundamentals
| Return On Equity | -1.56 | ||||
| Return On Asset | -0.47 | ||||
| Current Valuation | 1.53 B | ||||
| Shares Outstanding | 114.28 M | ||||
| Shares Owned By Insiders | 1.58 % | ||||
| Shares Owned By Institutions | 78.00 % | ||||
| Number Of Shares Shorted | 1.06 M | ||||
| Price To Book | 17.67 X | ||||
| Gross Profit | (27.68 K) | ||||
| EBITDA | (113.3 M) | ||||
| Net Income | (108.98 M) | ||||
| Cash And Equivalents | 40.6 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 32.38 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 2.23 X | ||||
| Book Value Per Share | 0.84 X | ||||
| Cash Flow From Operations | (90.6 M) | ||||
| Short Ratio | 5.38 X | ||||
| Earnings Per Share | (1.90) X | ||||
| Target Price | 18.87 | ||||
| Number Of Employees | 83 | ||||
| Beta | 1.59 | ||||
| Market Capitalization | 1.6 B | ||||
| Total Asset | 194.99 M | ||||
| Retained Earnings | (476.91 M) | ||||
| Working Capital | 29.24 M | ||||
| Net Asset | 194.99 M |
About Skeena Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skeena Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skeena Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skeena Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Skeena Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Skeena Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Skeena Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Skeena Stock
Moving against Skeena Stock
| 0.72 | IE | Ivanhoe Energy | PairCorr |
| 0.52 | INFM | Infinico Metals Corp | PairCorr |
| 0.42 | RY | Royal Bank | PairCorr |
| 0.39 | NBLC | Nobel29 Resources Corp | PairCorr |
| 0.33 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Skeena Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skeena Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Skeena Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Skeena Resources to buy it.
The correlation of Skeena Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Skeena Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skeena Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Skeena Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..